ZIM Integrated Shipping Services (NYSE:ZIM) Trading Down 17.1% – Should You Sell?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares dropped 17.1% during mid-day trading on Thursday . The stock traded as low as $13.37 and last traded at $13.37. Approximately 8,080,768 shares were traded during trading, an increase of 37% from the average daily volume of 5,891,990 shares. The stock had previously closed at $16.13.

Analyst Ratings Changes

A number of research analysts recently weighed in on ZIM shares. Jefferies Financial Group reissued a “hold” rating and issued a $18.00 target price on shares of ZIM Integrated Shipping Services in a report on Wednesday, March 12th. Barclays dropped their price objective on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating for the company in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. decreased their target price on shares of ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a research report on Friday, March 7th. Five equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, ZIM Integrated Shipping Services presently has a consensus rating of “Hold” and an average target price of $13.54.

ZIM Integrated Shipping Services Stock Performance

The stock has a market capitalization of $1.63 billion, a PE ratio of 1.13, a PEG ratio of 0.27 and a beta of 1.70. The business’s 50 day moving average is $18.60 and its 200 day moving average is $20.48. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11.

ZIM Integrated Shipping Services (NYSE:ZIM) last announced its earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $1.19. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. On average, equities research analysts predict that ZIM Integrated Shipping Services Ltd. will post 16.75 earnings per share for the current fiscal year.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be paid a $3.17 dividend. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $12.68 dividend on an annualized basis and a yield of 93.82%. ZIM Integrated Shipping Services’s dividend payout ratio (DPR) is presently 6.51%.

Institutional Trading of ZIM Integrated Shipping Services

A number of large investors have recently made changes to their positions in ZIM. Altshuler Shaham Ltd lifted its holdings in ZIM Integrated Shipping Services by 650.0% during the 4th quarter. Altshuler Shaham Ltd now owns 1,500 shares of the company’s stock valued at $32,000 after buying an additional 1,300 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of ZIM Integrated Shipping Services during the fourth quarter worth approximately $45,000. Sunbelt Securities Inc. bought a new stake in shares of ZIM Integrated Shipping Services during the third quarter valued at approximately $71,000. Brown Brothers Harriman & Co. bought a new stake in shares of ZIM Integrated Shipping Services during the fourth quarter valued at approximately $79,000. Finally, R Squared Ltd purchased a new stake in shares of ZIM Integrated Shipping Services in the fourth quarter valued at approximately $88,000. 21.42% of the stock is owned by hedge funds and other institutional investors.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.